Nigeria - Money

Money (current LCU)

The value for Money (current LCU) in Nigeria was 6,151,090,000,000 as of 2011. As the graph below shows, over the past 51 years this indicator reached a maximum value of 6,151,090,000,000 in 2011 and a minimum value of 221,200,000 in 1960.

Definition: Money is the sum of currency outside banks and demand deposits other than those of central government. This series, frequently referred to as M1 is a narrower definition of money than M2. Data are in current local currency.

Source: International Monetary Fund, International Financial Statistics and data files.

Year Value
1960 221,200,000
1961 229,400,000
1962 252,600,000
1963 268,700,000
1964 317,600,000
1965 327,900,000
1966 357,200,000
1967 322,800,000
1968 338,500,000
1969 447,300,000
1970 642,600,000
1971 670,100,000
1972 747,300,000
1973 788,100,000
1974 1,619,300,000
1975 2,463,000,000
1976 3,728,400,000
1977 5,420,100,000
1978 5,100,600,000
1979 6,146,700,000
1980 9,226,700,000
1981 9,744,700,000
1982 10,048,600,000
1983 11,282,500,000
1984 12,204,100,000
1985 13,227,400,000
1986 12,662,900,000
1987 14,906,100,000
1988 21,446,300,000
1989 26,664,100,000
1990 34,540,130,000
1991 48,707,600,000
1992 79,273,380,000
1993 124,422,000,000
1994 178,440,000,000
1995 207,509,000,000
1996 235,577,000,000
1997 275,098,000,000
1998 327,300,000,000
1999 400,826,000,000
2000 649,684,000,000
2001 810,187,000,000
2002 902,558,000,000
2003 1,006,380,000,000
2004 1,198,220,000,000
2005 1,523,440,000,000
2006 1,823,060,000,000
2007 3,164,420,000,000
2008 4,678,180,000,000
2009 4,502,740,000,000
2010 5,219,990,000,000
2011 6,151,090,000,000

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)